‘TAX ADVOCATES’ ASSOCIATION OF BENGAL’ has made a representation before Hon’ble Finance Minister on issues related to newly launched Income Tax Portal. Their representation is as follows:’ TAX ADVOCATES’ ASSOCIATION OF BENGAL 61A, A. J. C. Bose Road, Kolkata – 700 016 Phone : (033) 2226 – 6064 / 2227 – 7402 E-mail ID : […]
Representation against Harassment of Taxpayers by the Department by issuing Notices for non-filing of GSTR9/9A for different Financial Years by Punjab Accountants Association to Shri Paramjit Singh, D.E.T.C., Jalandhar. THE PUNJAB ACCOUNTANTS ASSOCIATION (Regd. Vide No. 304 of 2019-20 under the Societies Registration Act, 1860) OFFICE : R. K. ASSOCIATES, SEHDEV MARKET, JALANDHAR CITY E-mail […]
With the deployment of Income Tax Portal 2.0, the stakeholders have been facing a lot of issues, one of the same being in respect to filing of the Income Tax Returns. While filing the return of income there has been an issue faced in respect to Verification of the Income Tax return at the portal […]
In this Volume of GST & Corporate Tax Weekly Newsletter dated 17.07.2021, I bring to you highlights of recent updates, important judgments of last week &Compliance Calendar for the upcoming week in the field of indirect taxation and direct taxation to keep you abreast of all the latest happenings. 1. GST Updates CBIC clarifies on Hon’ble […]
GST Returns- New Functionality i. Moving the records saved in IFF, to later months of same Quarter, by taxpayers under QRMP Scheme Following enhancements have been made for the taxpayers under QRMP Scheme in the Invoice Furnishing Facility (IFF): Taxpayers can now MOVE the records saved in their IFF of first month of a quarter […]
Recently CA Pallaav Parashar has filed an RTI application with Income Tax Department and asked data of total income tax returns filed between 07th June, 2021 to 21st June, 2021 on new E-filing portal including daywise details of ITR Filed. In response it was replied that that no such data is being maintained and it […]
Is the Common Income Tax Portal Becoming Uncommon Part I has generated more than 525 shares and more than 60 comments across the nation evidencing the common problems faced with the new portal. Should we resort back to the old portal ? Why was the need of switching to the new 2.0 portal ? Whether […]
Calcutta High Court issues interim order in Apeejay Tea Ltd. petition challenging constitutional validity of Income Tax Section 194N. Stay till September 30, 2021.
Prescribed statutory time limit for processing of such validly filed returns with refund claims in non-scrutiny cases. As per the earlier order dated 10th July 2020, time frame was given till 31.10.2020 to process such returns with refund claims.
1. Finance Act, 2021 inserted a new section 194Q in the Income-tax Act 1961 for deduction of tax at source in case of purchase of goods. The Central Board of Direct Taxes (CBDT) vide circular No. 13 dated 30 June 2021 has issued the guidelines in respect of TDS under Section 194Q of the Income […]
